ULMS Electronic Module Catalogue |
| The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
| Title | Advanced Analytics for Business | ||
| Code | ULMS885 | ||
| Coordinator |
Dr BP Holmes Marketing (ULMS) B.Holmes@liverpool.ac.uk |
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| Year | CATS Level | Semester | CATS Value |
| Session 2025-26 | Level 7 FHEQ | Second Semester | 10 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
| Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
| Study Hours |
12.5 |
17.5 |
3 |
33 | |||
| Timetable (if known) | |||||||
| Private Study | 67 | ||||||
| TOTAL HOURS | 100 | ||||||
Assessment |
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| EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
| CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
| Individual Assignment Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes | 0 | 100 | ||||
| Data Experiments | 0 | 0 | ||||
Aims |
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This module aims to: Provide students with an understanding of what analytics is, and what it is used for; Enable students to critically evaluate reports and data analysis produced by different functional and operational specialists (e.g., marketing, operations) and financial analysts; Provide students with the skills to identify how data and analytics can be used to support their decision making; Enable students to articulate and explain results of big data analysis. |
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Learning Outcomes |
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(LO1) Students will be able to critically assess the strategic role of business analytics in organisations, evaluating both its potential value and the challenges associated with its implementation in complex business environments. |
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(LO2) Students will be able to demonstrate advanced analytical reasoning by critically evaluating the application of data analytics to complex business problems, selecting appropriate methodologies and justifying their relevance. |
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(LO3) Students will be able to independently perform advanced data processing, analytical, and visualisation tasks, applying industry-standard tools and techniques to extract meaningful insights from complex datasets. |
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(LO4) Students will be able to develop and refine analytical models, leveraging a range of regression techniques and advanced machine-learning algorithms to generate data-driven business solutions. |
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(LO5) Students will be able to critically reflect on the limitations and ethical implications of data analytics, recognising biases, uncertainties, and potential risks associated with data-driven decision-making. |
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(S1) People Focused |
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(S2) Authenticity |
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(S3) Agility |
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(S4) Digital |
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(S5) Global Perspective |
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Teaching and Learning Strategies |
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Lectures (12.5 hours) Seminars (17.5 hours) Peer-to-Peer Learning (3 hours) Participants will be expected to review a range of materials, including core and recommended readings, reports, and articles available through libraries and open-access sources. Additionally, they will conduct independent research using both academic and non-academic sources to support their learning and assessment. Lecture notes will provide guidance, and suggested answers or solutions will be available for seminar activities. Participants should complete seminar tasks as instructed before progressing to the next topic. 2.5 hour lecture x 5 |
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Syllabus |
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Key topics: Big data and analytics: an introduction; Data analytics software, including R/RStudio; Visualising data with R; Techniques for data analytics: machine learning (classification and clustering), regression; interpreting model outputs (inference); and forecasting future or new values. Case studies, including from different sectors including, for example, aviation, sport and health management, will be used throughout the module. Materials will be made available to students via the VLE and students will also be expected to read additional materials from the suggested and required reading list, using online library resources. |
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Recommended Texts |
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| Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. | |